RATE Group | Will the ‘China Blockchain Narrative’ Lead the Cryptocurrency Market in 2020?
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Will the ‘China Blockchain Narrative’ Lead the Cryptocurrency Market in 2020?

17 Apr Will the ‘China Blockchain Narrative’ Lead the Cryptocurrency Market in 2020?

Posted at 13:20h in Cryptocurrency News by

Now that China has the worst of the COVID-19 pandemic tentatively under control, it is once again looking at emerging technologies to give itself an edge. Could its blockchain focus be the dominant narrative for the cryptocurrency market in 2020?

The pandemic may have stalled China’s blockchain aspirations temporarily, but the country is slowly but surely picking up momentum again. Multiple announcements made recently demonstrate that blockchain technology is fresh on the minds of the Chinese state and tech giants in the country.

The Chinese Catalyst

Last year, the cryptocurrency industry was shocked by what was one of the biggest stories of the year: President Xi had made blockchain technology a core focus of the country’s national strategy.

Many Chinese cryptocurrencies saw massive gains in October 2019 due to the news. However, the state repeatedly reaffirmed its stance that it was pro-blockchain and not pro-cryptocurrencies.

China Blockchain

Now, it appears that the…

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